US$100,000,000 Syndicated Term Loan Facility
to The Mauritius Commercial Bank Limited
Mandated Lead Arrangers:
ING Bank N.V
and
Sumitomo Mitsui Banking Corporation Europe Limited
Port-Louis, 24th January 2006 - The Mauritius Commercial Bank Limited has today
announced the successful completion of the US$100,000,000 syndicated Term Loan
Facility arranged by ING Bank N.V. (“ING”) and Sumitomo Mitsui Banking
Corporation Europe Limited (“SMBCE”) (together the “Mandated Lead Arrangers”
and “Joint Bookrunners”)
The Facility, which launched at US$50,000,000, was largely oversubscribed and resulted
in the Facility being increased to US$100,000,000. The facility is for general funding
purposes and comprises of two tranches, a five year tranche and a three year
tranche with two one-year extensions.
The transaction was signed in Mauritius today (24 January 2006).
The syndicate comprises:
Mandated Lead Arrangers
ING Wholesale Banking
SMBCE
Arrangers
China Construction Bank Corporation, Johannesburg branch
Dresdner Kleinwort Wasserstein - the investment banking division of Dresdner Bank AG
Erste Bank
Mizuho Corporate Bank, Ltd.
Natexis Banques Populaires
Wachovia Bank, National Association
WestLB
Co-Arrangers
Raiffeisen Zentralbank Österreich Aktiengesellschaft
Senior Lead Managers
American Express Bank GmbH
Citigroup
For further enquiries, please contact the undersigned.
Raoul Gufflet
Deputy Head
International division
The Mauritius Commercial Bank Limited
Telephone: +230 202 5580
E-mail: [email protected]
ING CORPORATE BANKING
ING is a global financial institution of Dutch origin offering banking, insurance and
asset management to over 60 million private, corporate and institutional clients in
over 50 countries. With a diverse workforce of about 114,000 people, ING comprises
a broad spectrum of prominent companies that increasingly serve their clients under
the ING brand.
ING Wholesale Banking is the corporate and investment banking division of ING Group.
SUMITOMO MITSUI BANKING CORPORATION EUROPE LIMITED (SMBCE)
Sumitomo Mitsui Banking Corporation Europe Limited is the 100% owned UK
subsidiary of Sumitomo Mitsui Banking Corporation and is the regional headquarters for
Europe, the Middle East and Africa.
Sumitomo Mitsui Banking Corporation is a leading global financial company
providing commercial banking and correspondent banking services around the
world. The bank also provides leasing, securities brokerage, credit cards, consumer
loans, venture capital and mortgage securitisation services. The bank has a network
of 1,392 domestic locations in Japan and 35 overseas locations.
THE MAURITIUS COMMERCIAL BANK LIMITED
Established in 1838, The Mauritius Commercial Bank Limited is the oldest and most
important bank of the Republic of Mauritius. It plays a key role in the country's
economy by drawing on its thorough knowledge of local conditions and by extending
its unflinching support to trade, agriculture, the textile industry, tourism and other
sectors as well as individual customers, not only at its head office but also through
its strategically located network of 45 branches and counters as well as 131 ATMs
all over the island.
Occupying some 45% of the banking sector locally, the Group started expanding overseas
in 1991. It is now present in Paris, Reunion Island and Mayotte through its subsidiary
Banque Francaise Commerciale – Ocean Indien; in Madagascar through Union
Commercial Bank, in Mozambique through Uniao Comercial de Bancos and, in the
Seychelles under the name of The Mauritius Commercial Bank (Seychelles) Ltd., a
wholly-owned subsidiary since 2003.
The Mauritius Commercial Bank’s strategic vision lies in establishing the MCB Group as the
benchmark reference for the provision of financial services in the region and even further,
in line with the increased needs of our customers operating in the global economy.
This successful expansion of its activities has had a meaningful impact on MCB's ranking,
as it is now among the top-ten sub-Saharian banking institutions and is also among
the top-hundred banking institutions of the African region.
Our vision - To be the obvious choice for financial services in the region and beyond.
CHINA CONSTRUCTION BANK CORPORATION, JOHANNESBURG BRANCH
China Construction Bank Corporation is one of the largest commercial banks in
China. As at 31/12/2004, the Bank’s total capital amounted to RMB194,744 million
(US$24 billion), with total assets RMB3,904,785 million (US$482 billion). The bank
has an extensive nationwide network, with 14,467 domestic and overseas branch
outlets and subsidiaries.
DRESDNER KLEINWORT WASSERSTEIN - the investment banking division of
Dresdner Bank AG.
DrKW is the investment bank of Dresdner Bank AG and a member of the Allianz Group.
Headquartered in London and Frankfurt, with offices in leading international financial
centres such as New York and Tokyo, it employs approximately 6,000 people around
the world.
With around 964 branch offices and about 29,349 full-time staff, the Dresdner Bank
Group is active in over 50 different countries. In terms of assets and the number of
customers, Dresdner Bank is one of the leading banking groups in Europe.
Since 23 July 2001, Dresdner Bank has been part of the Allianz Group as the centre
of competence for banking. The combination of Allianz and Dresdner Bank will create
considerable value added through a wider range of financial products, broader sales
channels and greater advisory capacity and expertise. Combining Allianz’ insurance
products and Dresdner Bank’s investment products also gives customers more
convenient access to popular company and private pension products.
ERSTE BANK
Erste Bank der oesterreichischen Sparkassen AG is the lead Bank of the Austrian
Savings Banks Group, with 12 mn clients Erste Bank has a market share of 30%,
24,000 branches and some 36,000 employees throughout Central Europe. Total assets
EUR 156.9 billion as of Sept 30th, 2005.
MIZUHO CORPORATE BANK, LTD.
Mizuho Corporate Bank, Ltd. is a core company within Japan's Mizuho Financial
Group, one of the world's largest comprehensive financial service groups in terms of
assets: (consolidated assets of Yen143 trillion as at March 2005). Globally, Mizuho
Corporate Bank focuses on serving the needs of large corporate customers, providing a
full range of specialised and leading-edge products by leveraging our comprenhensive
financial capabilities.
Mizuho Financial Group, with its core group companies Mizuho Corporate Bank, Ltd.,
Mizuho Bank, Ltd., Mizuho Securities, Ltd. and Mizuho Trust & Banking Co., Ltd., has
a strong domestic network in Japan, and 57 overseas offices (including subsidiaries).
This network is further complemented by the research and advisory capabilities of its
affiliated companies.
NATEXIS BANQUES POPULAIRES
Listed on the Paris Eurolist, Natexis Banques Populaires is the financing, investment
banking and services bank of the Banque Populaire Group, one of France’s largest
retail banking networks with 6,600,000 clients and 2, 692 branches.
With more than 12,700 employees and a network of 117 offices abroad, Natexis
Banques Populaires builds long-term domestic and international partnerships with its
clientele of large and medium-sized companies and financial institutions. Drawing on
its expertise in a wide range of complementary areas, Natexis Banques Populaires
provides not only traditional banking services but also high value-added technologybased services. Through its subsidiary Coface, it is one of the world’s leading providers
of credit insurance. It is ranked among the leaders in asset management, private equity
and financial engineering, and is one of the foremost brokerage firms.
Natexis has maintained a strong position as an Arranger of syndicated loans for
Financial Institutions and ranked 6th by number of transactions arranged in EMEA
during 2005.
WACHOVIA BANK, NATIONAL ASSOCIATION
Wachovia Corporation (NYSE:WB) is one of the largest providers of financial services
to retail, brokerage and corporate customers, with retail operations from Connecticut
to Florida and west to Texas, and retail brokerage operations nationwide. Wachovia
had assets of $511.8 billion, market capitalization of $78.2 billion and stockholders’
equity of $47.9 billion at June 30, 2005. Its four core businesses, the General Bank,
Capital Management, Wealth Management, and the Corporate and Investment Bank,
serve 13 million household and business relationships primarily through 3,126 offices
in 15 states and Washington, D.C. Its full-service retail brokerage firm, Wachovia
Securities, LLC, also serves clients through 693 offices in 49 states and five Latin
American countries. Our Corporate and Investment Bank serves clients primarily in 10
key industry sectors nationwide. Global services are offered through 40 international
offices. Online banking and brokerage products and services are also available through
Wachovia.com.
WESTLB
WestLB, majority owned by the savings banks of North Rhein-Westphalia and
Bradenburg, is a leading German commercial bank with assets in excess of Euro260 billion.
Outside of its domestic market WestLB has representation in more than 30 countries
worldwide, including all major capital markets in Europe, the Americas and Asia-Pacific.
RAIFFEISEN ZENTRALBANK ÖSTERREICH AKTIENGESELLSCHAFT
RZB is the central institution of the Austrian Raiffeisen Banking Group, the country’s
most powerful banking group. It is a leading corporate and investment bank in
Austria and also considers Central and Eastern Europe (CEE) as its home market. Via
listed subsidiary Raiffeisen International, it operates one of the leading banking
networks in CEE with 16 subsidiary banks and numerous finance leasing companies in
16 markets. 9.2 million customers are served via 2,400 business outlets.
AMERICAN EXPRESS BANK GmbH
American Express Bank GmbH, Frankfurt is a fully owned subsidiary of American
Express Bank Ltd and operates the global euro booking center - one of the company’s
three booking centers worldwide. A major focus of American Express Bank GmbH is
on Financial Institutions businesses. Banks from over 100 countries maintain Euro
accounts with us. We offer to our clients products and services in International
Payments, Trade and Cash Letter clearing. We pride ourselves on our innovative products,
state of the art systems, premium value services and growth which has outpaced the
market growth in the past five years.
CITIGROUP
Citigroup the pre-eminent global financial services company with 275,000 employees
managing some 200 million customer accounts across six continents in more than 100
countries, provides consumers, corporations, governments and institutions with a
broad range of financial products and services, including consumer banking and credit,
corporate and investment banking, securities brokerage and wealth management.
Citigroup’s headquarters for Sub-Saharan Africa is in Johannesburg South Africa and
offers corporate and investment banking services. The network in Africa spans 16
countries from the Arabic-speaking north through Francophone and Anglophone
West Africa, east and southern Africa, including branches in Kenya, Nigeria, Tanzania,
South Africa, Uganda, Zambia, Cameroon, Côte d’Ivoire, Democratic Republic of
Congo, Gabon and Senegal. Another 23 countries are covered through a non-presence
country unit based also based in Johannesburg. As one of the first multinational
financial institutions to build a presence in Africa, Citigroup has participated in the
development of markets in the continent and will continue to leverage its global
banking expertise to position the firm as the brand of choice.